MGM Talks “The Hobbit”

Chief executive of MGM, Harry Sloan talked briefly at the European Media Leaders Summit in London about the planned “Hobbit” movie.

Sloan said that there will be two films, with the first being a direct adaption of The Hobbit and the second a new film which would draw from “footnotes and source material connecting The Hobbit with The Lord of the Rings“.

Sloan also went on to confirm that MGM is in advanced talks with Peter Jackson to direct both movies, but it was emphasised by MGM that the negotiations are still in progress and there likely wont’ be any sort of production till at least 2008 or possibly even 2009.